Tetragon Financial Group Ltd Tender Offer

 
TIDMTFG 
 
Tetragon Financial Group Master Fund Limited Announces Final Results of its 
Tender Offer to Purchase Tetragon Financial Group Limited ("TFG") Non-Voting 
Shares 
 
LONDON, Dec. 9, 2016 -- TFG today announced the final results of the "modified 
Dutch auction" tender offer (the "Offer") by its subsidiary, the Tetragon 
Financial Group Master Fund Limited (the "Master Fund") to purchase a portion 
of the outstanding non-voting shares of TFG for a maximum aggregate payment of 
$50,000,000 in cash.  The Offer expired at 1:00 p.m. (London time) on December 
8, 2016. 
 
Deutsche Bank AG, London Branch ("Deutsche Bank") acted as dealer manager for 
the Offer and Computershare acted as tender agent for the Offer.  As dealer 
manager, Deutsche Bank determined the final purchase price at which the Master 
Fund will purchase shares in the Offer and the final proration factor. 
 
In accordance with the terms of the Offer, the Master Fund has accepted for 
purchase 4,310,341 TFG non-voting shares at a purchase price of $11.60 per 
share.  The aggregate cost of this purchase is $49,999,955.60, excluding fees 
and expenses relating to the Offer.  A total of 6,538,366 TFG non-voting shares 
were properly tendered and not withdrawn at the purchase price of $11.60 per 
share.  Because more than $50,000,000 in value of TFG non-voting shares was 
properly tendered and not properly withdrawn, the Offer was subject to 
proration pursuant to the terms of the Offer, with appropriate adjustments to 
avoid purchases of fractional shares.  The final proration factor for the Offer 
is 65.92%, rounded to the second decimal place.1 
 
The Master Fund will promptly make payment for the shares validly tendered and 
accepted for purchase, which is expected to occur on or about December 15, 
2016.  All shares tendered and not purchased in the Offer will be promptly 
returned to the tendering shareholders. 
 
About TFG 
 
TFG is a Guernsey closed-ended investment company traded on Euronext Amsterdam 
N.V. under the ticker symbol "TFG.NA" and on the Specialist Fund Segment of the 
main market of the London Stock Exchange plc under the ticker symbol "TFG.LN". 
TFG aims to provide stable returns to investors across various credit, equity, 
interest rate, inflation and real estate cycles. TFG's investment portfolio 
comprises a broad range of assets, including a diversified alternative 
asset-management business (TFG Asset Management), and covers bank loans, real 
estate, equities, credit, convertible bonds and infrastructure. 
 
Contacts 
 
For Investor Relations Inquiries: 
David Wishnow/Greg Wadsworth 
[e-mail] 
 
For Press Inquiries: 
Prosek Partners 
Andy Merrill and Ryan FitzGibbon 
[phone] ext. 216 and ext. 234 
[e-mail] 
 
This release contains inside information within the meaning of Article 7(1) of 
the EU Market Abuse Regulation. 
 
This release does not contain or constitute an offer to sell or a solicitation 
of an offer to purchase securities in the United States or any other 
jurisdiction. The securities of TFG have not been and will not be registered 
under the U.S. Securities Act of 1933, as amended, and may not be offered or 
sold in the United States or to U.S. persons unless they are registered under 
applicable law or exempt from registration. TFG does not intend to register any 
portion of its securities in the United States or to conduct a public offer of 
securities in the United States. In addition, TFG has not been and will not be 
registered under the U.S. Investment Company Act of 1940, and investors will 
not be entitled to the benefits of such Act. TFG is registered in the public 
register of the Netherlands Authority for the Financial Markets under Section 
1:107 of the Financial Markets Supervision Act as a collective investment 
scheme from a designated country. 
 
1  The full final proration factor is 65.9238841567787%. 
 
 
 
 
 
 
 
 
 
END 
 

(END) Dow Jones Newswires

December 12, 2016 02:00 ET (07:00 GMT)